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Returning Member
posted Jun 8, 2020 7:26:58 PM

Total Taxes increase unexplanable

Worked my taxes.  Taxable income percentage no change.  Had 5.5% increased deductions over 2018.  Appears the amount on the W-2 box 12b code D for 401k is a direct add on tax.  It increased my tax burden.  I ended up showing owing 346% more in taxes this year than last.  I only contributed to a pre-tax 401k not a Roth 401K.  With all the other numbers being equal.  Is there an issue with the program and I need to take the amount out of 12b code D?  The two year comparison sheet does not show a 401K amount in the Other Taxes block.  I didn't take out any funds only contributed. Please let me know what I'm doing wrong.

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1 Replies
Level 15
Jun 9, 2020 8:45:53 AM

Try deleting your W-2 and enter it again.